And So I Go: Yesterday, Today and Tomorrow

Archive for the ‘Franklin Roosevelt Depression and WWII’ Category

There are few men who just always seem to make a great deal of sense when they speak and John Stossel is one of my favorite.  He cuts right thru all the chaff and gets right to the meat simply and clearly.  The following article is not new news but is a great sumation of where we are now and why and how we got here as well as a simple solution.  The solution really is simple and it amazes me that our government officials can’t seem to understand it.  As for our President….well Educated Idiot may be applied if you want to give hijm credit for being a decent human being.  I don’t,  so I will just label him as evil.   BB

Uncertainty Paralysis 
By John Stossel
Wednesday, June 06, 2012

President Obama would do us all a big favor if he’d ask himself this: “Would I start or expand a business without knowing what regulations or taxes government will impose next year?”

If he’d just stop and ask that, he’d have a sense of what’s wrong with the economy. He’d understand why a country that must create 120,000 new jobs each month just to absorb newcomers created only 69,000 last month.

Past recoveries were quicker. Something is different. What could it be?

Let’s remember that the economy — which is to say, us — is already burdened by byzantine bureaucratic impositions. Every week, the feds add another thousand pages of rules and proposals for rules. Local governments add their own. My mayor, in New York City, even proposes micromanaging the size of the drinks restaurants may sell.

On top of the existing mountain of red tape, the Obama administration has piled on more, with more to come. Obamacare was less a specific prescription than a license for the Department of Health and Human Services to write new rules, lots of which are yet to be written. No one knows how the bureaucrats will micromanage health insurance.  

Then there’s Dodd-Frank, the 2,300-page revamp of finance industry regulation. Again, the bill left the rule-writing to regulatory agencies. Who knows what they will come up with?    (All these little clerks at their desks trying to justify their jobs!  BB)

Every year, Congress makes thousands of changes to tax laws. And no one can guess what will happen in 2013 if the 2001 and 2003 rate cuts expire.  

There is an irresistible temptation for politicians to “do something” whenever real or imagined problems appear. The number of on-the-fly programs in recent years (from attacks on unpaid internships to Cash for Clunkers) has been astounding. This uncertainty kills job creation. If you cannot tell what will happen next week, next month, next year, why make a significant commitment? The next law or executive order might make a mockery of your plans.

America faces a humongous debt, and its trajectory is upward. If nothing changes, the whole budget would be consumed by interest payments. No politician wants that — if only because there’ll be no money to buy votes.

How will the problem be dealt with? Higher taxes? Massive inflation? Some combination? Where does that leave someone today who might, in a more stable policy environment, be eager to launch some big, long-term investment project?

In the dark, that’s where.

Economist John B. Taylor of the Hoover Institution summed it up aptly: “Unpredictable economic policy — massive fiscal ‘stimulus’ and ballooning debt, the Federal Reserve’s quantitative easing with multiyear near-zero interest rates, and regulatory uncertainty due to Obamacare and the Dodd-Frank financial reforms — is the main cause of persistent high unemployment and our feeble recovery.”  

Historian Robert Higgs of the Independent Institute calls it “regime uncertainty.”

We should have learned the lesson during the Great Depression. Today’s problems are nowhere close to the 1930s, but there is a similarity in Franklin Roosevelt’s policy fog. Higgs writes:

“The insufficiency of private investment from 1935 through 1940 reflected a pervasive uncertainty among investors about the security of their property rights in their capital and its prospective returns. … The willingness of businesspeople to invest requires a sufficiently healthy state of ‘business confidence,’ and the Second New Deal ravaged the requisite confidence… .”

The solution? Taylor finds it in the writing of Nobel laureate F.A. Hayek: the rule of law. “Stripped of all technicalities,” Hayek wrote in “The Road to Serfdom,” “this means that government in all its actions is bound by rules fixed and announced beforehand — rules which make it possible to foresee with fair certainty how the authority will use its coercive powers in given circumstances and to plan one’s individual affairs on the basis of this knowledge.”

If we are ever to get out of this hole the politicians have dug, we must disabuse them of the conceit that they improve our lives by spending more, guaranteeing investments or “jump-starting” industries.

Only when politicians butt out, leaving us with simple, predictable rules, can the economy grow for us all.

John Stossel is host of “Stossel” on the Fox Business Network. He’s the author of “Give Me a Break” and of “Myth, Lies, and Downright Stupidity.” To find out more about John Stossel, visit his site at johnstossel.com. To read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate Web page at www.creators.com.

COPYRIGHT 2012 BY JFS PRODUCTIONS, INC. DISTRIBUTED BY CREATORS.COM 

Once again, thank you for sending us your e-mails. We can’t respond individually, but we read and consider all of them. Send your question, comment, or complaint tojohn@theprojecttorestoreamerica.com orwendy@theprojecttorestoreamerica.com.

(I often learn for the emails.  BB)
*** Mr. Hinkle’s article that you carried was most interesting. I particularly appreciated its logical, reasonable tone. In an era where any issue becomes a matter of ideological bias, he made a very reasonable case.  

This doesn’t discount the development of other sources of energy. If there was a perfect market system without subsidies for oil companies and renewable energies, then perhaps price would determine investment choices. Oil of course has other consequences such as triggering wars and it is a contributor to greenhouse gases. Thank you, Jim 

Bidwell comment: Jim, if oil companies and renewable energy firms did not get subsidies, then yes, the price of the various energy sources would determine investment choices. Price would dictate the energy sources we develop and use, and energy would be like any other market good.

You can make the same case for healthcare. If the government didn’t subsidize healthcare, all of our healthcare costs would come down because healthcare would be like any other market good. All in all, government funding and involvement manipulates markets, and American consumers end up paying more (and sometimes for less effective products).     (YES!!  This goes for education and any thing else.  The government gets into it and the prices go sky high!  BB)

*** Why can’t the government pay for infrastructure and so on by selling natural resources (like oil)? Sincerely, Walt 

Bidwell comment: Walt, you are a smart man. If you are like John Heffern and me, you are very excited about the possibility of fracking and shale oil. With this technology, high pressure water is used to frack rocks, and the rocks release oil and natural gas. With some research and development, natural gas will be able to power cars and trucks while we become one of the leading exporters of oil. This might all happen within the next few years…

That is, if the government agencies like the Environmental Protection Agency and others do not stand in the way of this technology. If the government doesn’t impede innovation and growth, our country can become preeminent again, will be able to afford state of the art infrastructure and plan accordingly for the future.  

 

History Behind The Scenes.

American History ain’t always pretty, but it is our history and we the people should know every bit of it.  I was appalled that a survey of 258 presidential scholars place Franklin D. Roosevelt first.  These presidential scholars are fools who evidently know nothing of the true history;  they know only the Progressive re written history.  This article is good reading and it exposes some myths or distorted history that will change your minds on a few truths that you probably grew up with.   I grew up in blue collar steel mill northern Ohio River West Virginia and was fed the myth that Franklin Roosevelt was  almost the Right Hand of God.  For some reason I did not believe that even as a child.  I believed what I was told about other Presidents but just not Roosevelt or Harry Truman.  The myth about Harry Truman is that he wasn’t much of a President at all.  Well, Harry Truman in my opinion was among the great Presidents.  He fought the deal made between Roosevelt and Stalin to give Stalin  Eastern Europe if he would help defeat the Germans.   He didn’t win that battle because Stalin’s army already occupied the Eastern European countries.  He did however   send aid to the Germans in Berlin ( called the Berlin air Lift) that stopped Stalin from taking all of Germany under communistic control.  This left Germany divided for 50 + years by a wall thru the middle of it’s capital Berlin but it also kept one half of the German people free.  He had the courage to drop the first two atomic bombs on Japan to end the war without an invasion and the estimated death toll of at least 200,000 people.  Japan had been the aggressor and after capturing most of Asia attacked the United States in Hawaii.  Then he had the foresight to not punish the Japanese but to put them under martial law with instructions to his generals to  lead the country into a democratic government.

Harry Truman put into effect the Marshall Plan that rebuilt Europe including Germany.  This not only helped the Europeans whose countries were so devastated they didn’t have the means and material to rebuild.  The United States  had the material and factories so Truman set up a plan whereby the United States would provide these materials and hold a mortgage on them with favorable terms and long term so the countries would have time to grow and stabilize.    AND, the Marshall Plan helped the United States just as much by providing jobs for the returning soldiers.  Without the Marshall Plan America would have sunk right back into a depression.  Truman also quietly disbanded some of the socialistic programs Roosevelt had put in place.  Truman integrated the Army.  He couldn’t do as much as he would have liked because they country was still enthralled with Roosevelt.

Her’s a bit more history as it was and not how it is being taught today.  BB

History Behind The Scenes

By Malcolm A. Kline  |  July 8, 2010

Roosevelt’s concessions to Stalin at the Yalta conference with Winston Churchill at the close of the Second World War conceded the nucleus of the Soviet empire, namely all of Eastern Europe, to the communist dictator.

Two events in recent weeks point out the danger of leaving history to the historians. One is the inclusion of Soviet dictator Josef Stalin in a D-Day memorial commemorating an invasion he never took part in. The other is the rating of Stalin ally Franklin D. Roosevelt as America’s greatest president, according to leading academics.

“Richard G. Pumphrey, a professor of art at Lynchburg College, in Virginia, spent about a year sculpting the former Soviet dictator Joseph Stalin,” Sophia Li reported in The Chronicle of Higher Education on July 1, 2010. “When he was finished, the bronze bust took its place as part of the National D-Day Memorial, in Bedford, Va., along with Mr. Pumphrey’s sculptures of six other leaders of Allied forces in World War II.”

“It might represent an inconvenient history for some, but it is history,” says Professor Pumphrey. The actual history is more revealing and might really inconvenience the professor.

“Allied losses had been high: 2,500 men at OMAHA alone, another 2,500 among the American airborne divisions, almost 1,100 for the Canadians, and some 3,000 for the British—more than 9,000 men in all, one-third of whom were killed in action,” the official U. S. military history of the invasion reads. Note that Soviet troops didn’t make this breakdown.

Meanwhile, “The Siena College poll, which surveyed 238 presidential scholars at U.S. colleges and universities, asked scholars to rate the nation’s 43 chief executives on 20 attributes ranging from legislative accomplishments to integrity and imagination,” Emily Schultheis reported in the Politico on July 1, 2010. “In the overall ranking, Obama rated two places below Clinton, who was 13th best, and three better than Reagan, who is ranked as the 18th best.”

“Franklin D. Roosevelt again earned the top spot, as he has every time since the poll was first conducted in 1982.” The unemployment rates at both ends of the New Deal—roughly 20-20—show that Roosevelt’s programs did not work, although they left us with the cycle of deficit spending that even Republican presidents, for the most part, have accepted as a fait accompli.

Moreover, FDR’s ranking, compared to Reagan’s, indicates that to the academics surveyed, losing the Cold War apparently means more than winning it.

Roosevelt’s concessions to Stalin at the Yalta conference with Winston Churchill at the close of the Second World War conceded the nucleus of the Soviet empire, namely all of Eastern Europe, to the communist dictator. Although FDR was deathly ill at the time, even friendly biographers with access to the family, such as Joseph P. Lash, show that Roosevelt was moving in that direction while still relatively hale and hearty.

As veteran journalist M. Stanton Evans found, the transcribed notes of the Yalta conference show an even uglier side of the squire of Hyde Park. In the notes which Evans unearthed, Roosevelt told Stalin and Churchill that he was going on to meet with the Saudi king after the Big Three disbanded at their Crimea confab.

As Evans revealed to Glenn Beck, Stalin asked FDR if he would make any concessions to the king. “The president replied that there was only one concession he thought he might offer, and that was to give him the 6 million Jews in the United States,” the notes read.

“That is from the papers of Edward Stettinius, who was the secretary of state at the time of Yalta,” Evans told Beck. “Those papers are at the University of Virginia in Charlottesville.” Evans pointed out that the exchange has been expunged from the official record of Yalta.

“Well, one might think that he was closet anti-Semite,” Evans allowed of what the documents show about Roosevelt. “But I think it also suggests that maybe he was a little bit gaga.”

“There are many other indications that he was out of it at Yalta, but that is one of the clearest,” Evans asserted. Evans won the Reed Irvine lifetime achievement award for investigative reporting bestowed by Accuracy in Media (AIM), Accuracy in Academia’s big sister organization and named after AIM’s founder.

We now know, through the opening of the archives of the Communist International in the former Soviet Union in the 1990s that Stalin and his successors killed millions of victims.

What is even more troubling is that some of his biggest defenders in the West knew it too.

Hedda Hopper, a much-maligned gossip columnist from Hollywood’s Golden Years, had what used to be known as a nose for news that she put to use daily in a syndicated column read by millions. In her 1963 memoir, The Whole Truth And Nothing But, she dropped a bombshell that barely anyone noticed.

In San Francisco for the opening of the United Nations in 1945, Hopper got to hobnob with some of the UN insiders, such as W. Averell Harriman, then the U.S. ambassador to Moscow. “Harriman told us off-the-record tales of the horrors committed by Stalin and his gang,” Hopper reported.

“How can you talk like that to us when you say just the opposite to the newspapers?” she claimed that she asked him.

“It couldn’t be printed,” he told her.

Harriman, it should be noted, was not merely a bureaucrat who got lucky but an elder statesman of the Democratic Party for about half of the Twentieth Century, who served in the administration of every Democrat elected president from FDR to LBJ.  His widow, Pamela Harriman, continued in the family tradition, taking the governor of Arkansas under her wing as a protégé and later serving him as ambassador to France in his presidential administration, a position she held at the time of her death.


See topic cloud at bottom of page for specific topics.

BB’s file cabinet

Follow

Get every new post delivered to your Inbox.

Join 84 other followers